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Lido Dramatic Impact on Ethereum Staking: Expansion or Centralization?

But Lido has gradually become a victim of its own success, with the DAO attracting criticism as it has grown to dominate Ethereum’s staking landscape. Lido currently commands 32% of all ether staked. This puts it just below a critical 33% threshold; if a single entity controls this much staked ETH, it could, theoretically, influence certain elements of how the chain operates.

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